Personal Finance and Investing

TexasTowelie

(118,830 posts)

2. Bitcoin, along with precious metals

Fri Jul 31, 2020, 09:48 PM

Jul 2020

are seen as a hedge against inflation because of the the huge spending bills that have passed and that are pending. We can't keep printing money without devaluing the dollar. If the dollar is no longer to be the world's reserve currency because of political and social upheaval then the real pain will begin

If you have a substantial portfolio and are willing to lose everything that you invest, then investing in Bitcoin might make sense. However, investing in precious metals does have a small advantage since there is a physical asset involved, but the rate of return usually is less than Bitcoin.

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Bitcoin [View all] bucolic_frolic Jul 2020 OP

I don't get it but I'm old. My kid has been following it and told me today captain queeg Jul 2020 #1

Bitcoin, along with precious metals TexasTowelie Jul 2020 #2

Bitcoin, along with precious metals TexasTowelie Jul 2020 #3

First-- what is money? TreasonousBastard Jul 2020 #4

I use Robinhood to buy bitcoin and grayscale stock too Iwasthere Aug 2020 #5

Do not construe this as any sort of advice for or against investing in bitcoin ... mr_lebowski Aug 2020 #6

Good post - as I understand Bitcoin (limited as that may be), when it was devised,there was a set c-rational Aug 2020 #10

I'm not entirely sure but my understanding is that the number available are self-limiting mr_lebowski Aug 2020 #13

Thank you. Interesting. I really don't understand it question everything Aug 2020 #11

Could be way wrong but I thought when one 'invests in bitcoin' generally ... mr_lebowski Aug 2020 #14

Thank you. I realize this. But even the "coin bank" question everything Aug 2020 #16

Perhaps if I called it a coin wallet it would make more sense? mr_lebowski Aug 2020 #17

Thanks all, I still think it's a lot of hype bucolic_frolic Aug 2020 #7

ADA , XRP vs BTC masmdu Aug 2020 #8

The following from Paul Krugman may help DinahMoeHum Aug 2020 #9

what problem does cryptocurrency solve? bucolic_frolic Aug 2020 #15

one of the real risks of cryptocurrency is that to the extent it succeeds, it will likely be unblock Aug 2020 #12